The chart is from TradingView

Yesterday, I published an article in the morning, reminding that digital currency has never been a one-sided market. The physiological cycle of Bitcoin is very stable, and it changes every once in a while. Will come once. Less than five hours after the article was published, Bitcoin plummeted, with an amplitude of more than 13%, and the market liquidated hundreds of millions of dollars in contracts. Some people say that I am a god, but that is not the case. Everyone has risk awareness, but in an extremely crazy market, your emotions can easily be affected by the surrounding atmosphere. Especially when you hold a position and watch your profits continue to increase, at this time you feel that you are about to fly and become rich overnight; while those who do not have a position or are short-selling, the same I was on pins and needles, constantly telling myself that I was wrong and needed to make timely adjustments.

But what do you need at this time? Be calm and sensible. Unfortunately, it is difficult for people to control their emotions at this time.

So for my readers, I have always compared myself to a lighthouse. I am the lighthouse in the port. When the storm comes, I will guide you to the route and take you home safely.

Therefore, I have always adhered to two principles:

1. The analysis must be detailed and do not let go of any clues; the analysis must be objective and minimize subjective judgments; the analysis must be cautious and would rather miss the market. , don’t make one mistake and end up regretting it for eternity.

2. If I do not participate in trading, if I hold a position, I will definitely not be able to look at the market rationally.

Yesterday, a reader who has read my articles all year round told me that your risk prediction is really one of the best. Yes, he is right, because I clearly know that one of my carelessness may cost you millions. Although we met by chance, I think the establishment of trust is even more precious. Therefore, I cherish every reader and hope to do my little bit to help those who trust me.

Operational advice: Don’t rush to make trading judgments after a sharp drop or surge. The market needs to be repaired and needs to gradually calm down. The risk of entering the market at this time is very high, especially for those who make contracts, both long and short. Killings are common.

CME has a time-sharing gap, which is now both up and down, so the possibility of covering the $9,600 gap cannot be ruled out. It is recommended that everyone wait and see for the time being.